Pfizer Inc Cdr Stock Market Value
| PFE Stock | 12.16 0.22 1.84% |
| Symbol | Pfizer |
Pfizer 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Pfizer's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Pfizer.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Pfizer on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Pfizer Inc CDR or generate 0.0% return on investment in Pfizer over 30 days. Pfizer is related to or competes with North American, ISign Media, Goodfood Market, Quorum Information, Data Communications, and Guru Organic. Pfizer is entity of Canada. It is traded as Stock on NEO exchange. More
Pfizer Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Pfizer's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Pfizer Inc CDR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 7.91 | |||
| Value At Risk | (2.33) | |||
| Potential Upside | 2.55 |
Pfizer Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pfizer's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pfizer's standard deviation. In reality, there are many statistical measures that can use Pfizer historical prices to predict the future Pfizer's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | 1.33 |
Pfizer Inc CDR Backtested Returns
Pfizer Inc CDR maintains Sharpe Ratio (i.e., Efficiency) of -0.0878, which implies the firm had a -0.0878% return per unit of risk over the last 3 months. Pfizer Inc CDR exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pfizer's Variance of 1.87, coefficient of variation of (1,166), and Risk Adjusted Performance of (0.06) to confirm the risk estimate we provide. The company holds a Beta of -0.0957, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Pfizer are expected to decrease at a much lower rate. During the bear market, Pfizer is likely to outperform the market. At this point, Pfizer Inc CDR has a negative expected return of -0.12%. Please make sure to check Pfizer's potential upside, daily balance of power, and the relationship between the maximum drawdown and kurtosis , to decide if Pfizer Inc CDR performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.34 |
Below average predictability
Pfizer Inc CDR has below average predictability. Overlapping area represents the amount of predictability between Pfizer time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Pfizer Inc CDR price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Pfizer price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Pfizer Inc CDR lagged returns against current returns
Autocorrelation, which is Pfizer stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Pfizer's stock expected returns. We can calculate the autocorrelation of Pfizer returns to help us make a trade decision. For example, suppose you find that Pfizer has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Pfizer regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Pfizer stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pfizer stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pfizer stock over time.
Current vs Lagged Prices |
| Timeline |
Pfizer Lagged Returns
When evaluating Pfizer's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pfizer stock have on its future price. Pfizer autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Pfizer autocorrelation shows the relationship between Pfizer stock current value and its past values and can show if there is a momentum factor associated with investing in Pfizer Inc CDR.
Regressed Prices |
| Timeline |
Pair Trading with Pfizer
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Pfizer position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Pfizer will appreciate offsetting losses from the drop in the long position's value.Moving against Pfizer Stock
| 0.76 | TD-PFI | Toronto Dominion Bank | PairCorr |
| 0.66 | AMZN | Amazon CDR | PairCorr |
| 0.65 | BNS | Bank of Nova Scotia Earnings Call This Week | PairCorr |
| 0.61 | BMO | Bank of Montreal | PairCorr |
| 0.47 | RY | Royal Bank | PairCorr |
The ability to find closely correlated positions to Pfizer could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pfizer when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Pfizer - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Pfizer Inc CDR to buy it.
The correlation of Pfizer is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pfizer moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pfizer Inc CDR moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Pfizer can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Pfizer Stock
Pfizer financial ratios help investors to determine whether Pfizer Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Pfizer with respect to the benefits of owning Pfizer security.